First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFAX Fund  USD 26.85  0.05  0.19%   
The current 90-days correlation between First Eagle Fund and First Eagle Gold is 0.27 (i.e., Modest diversification). The correlation of First Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

First Eagle Correlation With Market

Very weak diversification

The correlation between First Eagle Fund and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Eagle Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with First Mutual Fund

  0.87FEBIX First Eagle GlobalPairCorr
  0.86FEBCX First Eagle GlobalPairCorr
  0.87FEBAX First Eagle GlobalPairCorr
  0.98FEAMX First Eagle FundPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.87FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.68FEGRX First Eagle GlobalPairCorr
  0.62FEHRX First Eagle HighPairCorr
  0.65FEHIX First Eagle HighPairCorr
  0.66FEHCX First Eagle HighPairCorr
  0.63FEHAX First Eagle HighPairCorr
  0.93SGENX First Eagle GlobalPairCorr
  0.66FEMAX First Eagle SmidPairCorr
  0.83FEORX First Eagle OverseasPairCorr
  0.9FEREX First Eagle FundsPairCorr
  0.92SGIIX First Eagle GlobalPairCorr
  0.9FERAX First Eagle FundsPairCorr
  0.94FESGX First Eagle GlobalPairCorr
  0.75FESCX First Eagle SmallPairCorr
  0.75FESAX First Eagle SmallPairCorr
  0.9FERRX First Eagle FundsPairCorr
  0.75FESRX First Eagle SmallPairCorr
  0.85FESOX First Eagle OverseasPairCorr
  0.66FESMX First Eagle SmidPairCorr
  0.78FEVRX First Eagle ValuePairCorr
  0.99FEVIX First Eagle ValuePairCorr
  0.99FEVCX First Eagle ValuePairCorr
  0.99FEVAX First Eagle ValuePairCorr
  0.66FEXRX First Eagle SmidPairCorr
  0.84SGOVX First Eagle OverseasPairCorr
  0.89VVIAX Vanguard Value IndexPairCorr
  0.79DOXGX Dodge Cox StockPairCorr
  0.87AFMFX American MutualPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Eagle Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Eagle's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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